Las Vegas Sands (LVS) EBT (2009 - 2026)
Las Vegas Sands (LVS) recorded EBT of $461 million in Q2 2026, down 24.3% from $609 million a year earlier and down 38.4% from the prior quarter.
Las Vegas Sands (LVS) EBT (2009 - 2026) Analysis & Trends
On a TTM basis, Las Vegas Sands' EBT came in at $2.34 billion as of Jun 30, 2026, up 20.5% year-over-year; for FY2025, it came in at $2.21 billion, up 12.9% from FY2024.
- Across earlier years, EBT came in at $1.96 billion in FY2024 (+10.4%), $1.78 billion in FY2023, -$1.39 billion in FY2022 and -$1.47 billion in FY2021.
- Quarterly EBT has ranged from -$621 million in Q3 2021 to $748 million in Q1 2026 over the past five years.
- On a year-over-year basis, EBT rose in four of the last eight quarters, with growth averaging 6.0%.
- Peak year-over-year performance for EBT in the last five years was growth of 207.7% in Q1 2024, against a decline of 29.4% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $748 million (Q1 2026), $551 million (Q4 2025) and $582 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.82 Bn | 11.24 Bn | 1.48 Bn | 461.00 Mn |
| 2 | DraftKings | 17.42 Bn | 13.08 Bn | 551.45 Mn | -71.86 Mn |
| 3 | Flutter Entertainment | 12.92 Bn | 6.67 Bn | 1.71 Bn | -299.00 Mn |
| 4 | Madison Square Garden Sports | 9.97 Bn | 9.56 Bn | 119.21 Mn | 33.67 Mn |
| 5 | Life Time Group Holdings | 8.95 Bn | 8.18 Bn | 412.26 Mn | 134.53 Mn |
| 6 | Wynn Resorts | 8.09 Bn | 1.64 Bn | 758.95 Mn | 198.73 Mn |
| 7 | MGM Resorts International | 7.93 Bn | -255.39 Mn | 1.98 Bn | 413.52 Mn |
| 8 | Caesars Entertainment | 6.03 Bn | 2.66 Bn | 1.50 Bn | -53.00 Mn |
| 9 | Super Group (SGHC) | 5.86 Bn | 3.85 Bn | - | 168.00 Mn |
| 10 | Churchill Downs | 5.31 Bn | 4.58 Bn | 419.00 Mn | 328.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 461.00 Mn |
| Mar 31, 2026 | 748.00 Mn |
| Dec 31, 2025 | 551.00 Mn |
| Sep 30, 2025 | 582.00 Mn |
| Jun 30, 2025 | 609.00 Mn |
| Mar 31, 2025 | 471.00 Mn |
| Dec 31, 2024 | 461.00 Mn |
| Sep 30, 2024 | 403.00 Mn |
| Jun 30, 2024 | 496.00 Mn |
| Mar 31, 2024 | 600.00 Mn |
| Dec 31, 2023 | 592.00 Mn |
| Sep 30, 2023 | 571.00 Mn |
| Jun 30, 2023 | 417.00 Mn |
| Mar 31, 2023 | 195.00 Mn |
| Dec 31, 2022 | -287.00 Mn |
| Sep 30, 2022 | -320.00 Mn |
| Jun 30, 2022 | -304.00 Mn |
| Mar 31, 2022 | -476.00 Mn |
| Dec 31, 2021 | -301.00 Mn |
| Sep 30, 2021 | -621.00 Mn |
Las Vegas Sands EBT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt&ticker=LVS&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "ticker": "LVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=ebt&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();